Dominion Business Center in Chesapeake sells for $5M
The two-building center in Dominion Commerce Park is 90% leased
The two-building Dominion Business Center in Chesapeake sold for $5 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Aug. 16.
Located at 1001, 1005 and 1009 Scenic Parkway, Dominion Business Center sits on about 21 acres within the 325-acre Dominion Commerce Park.
The center is 90% leased to a group of 15 office and flex users, including mechanical contractors, healthcare providers, construction firms and roofing companies. The office building, 1001 Scenic Parkway, is 19,593 square feet and includes the Sentara Therapy Center – Grassfield and Edward D. Jones & Co. LP in its tenants. The flex property is 33,955 square feet.
Olds Enterprise LLC bought the property from DCP Office LLC. Clark Simpson with Thalhimer handled the negotiations on behalf of the seller, with assistance from Christine Kaempfe, member of the Society of Industrial and Office Realtors and a Certified Commercial Investment Member.